Bladex Reports A Quarterly Profit Of $14.1 Million, Or $0.36 Per Share, With Solid Credit Collections And Ample Liquidity Levels

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Go back to Bladex Reports A Quarterly Profit Of $14.1 Million, Or $0.36 Per Share, With Solid Credit Collections And Ample Liquidity Levels

Bladex (BLX) Misses Q2 EPS by 13c

July 28, 2020 7:11 AM EDT

Bladex (NYSE: BLX) reported Q2 EPS of $0.46, $0.13 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $21.7 million versus the consensus estimate of $34.68 million.

BUSINESS HIGHLIGHTS

During 2Q20, the Bank collected 99% of all scheduled credit maturities totaling close to $2 billion, coupled with credit prepayments for $222 million, on account of the high quality of its borrower base and the short-term nature of its Commercial Portfolio.The Bank was able to gain a deep understanding of the impacts of Covid-19 on sectors and clients by... More